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Virginia board signs off on final RGGI cap-and-trade regulation

Published 21:18 on April 19, 2019  /  Last updated at 21:21 on April 19, 2019  /  Americas, US  /  No Comments

Virginia’s Air Pollution Control Board approved a final cap-and-trade regulation from the state’s Department of Environmental Quality on Friday, bringing the state closer to joining the northeast US RGGI carbon market in Jan. 2020.

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California carbon bull run to continue as financials staking long-term claims -analysts

Published 22:25 on April 18, 2019  /  Last updated at 01:35 on April 19, 2019  /  Americas, Canada, US  /  No Comments

The price surge in California Carbon Allowances (CCAs) over the last month and a half is not likely to fade any time soon as new speculators bet that the WCI programme will tighten in the coming years, according to analysts.

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US Carbon Pricing Roundup for week ending Apr. 18, 2019

Published 21:53 on April 18, 2019  /  Last updated at 01:47 on April 19, 2019  /  Americas, US, Voluntary Market  /  No Comments

A summary of legislative and regulatory action on carbon pricing and clean energy at the US subnational level taken this week, including the approval of New York City’s climate bill featuring offsets and a possible carbon market, the launch of Hawaii’s first forest-based offset project, a planned hearing on a revised California offset bill, and movement on a proposal to increase Nevada’s Renewable Portfolio Standard (RPS).

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Ontario lawyers go head-to-head with Ottawa in second carbon price lawsuit

Published 21:25 on April 18, 2019  /  Last updated at 01:45 on April 19, 2019  /  Americas, Canada, Carbon Taxes  /  No Comments

Ontario lawyers argued this week during a second provincial lawsuit against the Canadian federal government’s ‘backstop’ carbon pricing mechanism that Ottawa does not have the authority to impose its CO2 levy and large emitter programme on provinces.

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NA Markets: California allowances retrace before Easter holiday as RGGI stagnates

Published 21:01 on April 18, 2019  /  Last updated at 21:01 on April 18, 2019  /  Americas, Canada, US  /  No Comments

California Carbon Allowance (CCA) prices declined during the week as many traders were out of the office, while RGGI allowances (RGAs) failed to budge on the secondary market.

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Virginia GOP efforts to thwart RGGI, TCI entrance seen as unlikely to succeed

Published 22:36 on April 17, 2019  /  Last updated at 01:24 on April 18, 2019  /  Americas, US  /  No Comments

Virginia Governor Ralph Northam is likely to veto Republican budget amendments that would prevent the state from joining the RGGI and Transportation and Climate Initiative (TCI) programmes, a regulatory source said.

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LCFS Market: California futures notch another monthly volume record

Published 22:30 on April 17, 2019  /  Last updated at 01:09 on April 18, 2019  /  Americas, RINs & LCFS, US  /  No Comments

A record amount of California Low Carbon Fuel Standard (LCFS) futures have already traded on ICE just over halfway through April, marking the second consecutive month to set an all-time high.

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Alberta’s UCP wins election, ending NDP carbon tax and setting up another Canadian climate policy showdown

Published 07:22 on April 17, 2019  /  Last updated at 00:17 on April 18, 2019  /  Americas, Canada, Carbon Taxes  /  No Comments

Alberta’s United Conservative Party (UCP) and leader Jason Kenney were elected in a landslide victory in the Canadian province on Tuesday, ending the ruling NDP’s two-year old carbon pricing programme and setting up multiple battles with the federal government over the party’s pledged climate policy rollbacks.

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Nova Scotia ETS kicks off as first allowances distributed

Published 21:46 on April 16, 2019  /  Last updated at 22:51 on April 16, 2019  /  Americas, Canada  /  No Comments

Nova Scotia allocated its first cap-and-trade permits on Monday following the start of its ETS on Jan. 1, though several design elements of the Canadian province’s programme are still to be determined over the coming year.

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Alberta oil sands leading Canada’s emissions further off track from Paris target -data

Published 21:42 on April 16, 2019  /  Last updated at 21:50 on April 16, 2019  /  Americas, Canada, Climate Talks, International  /  No Comments

Canada’s economy-wide emissions rose in 2017 on the back of higher output in Alberta’s oil and gas sector, leading the country further away from hitting its GHG target under the UN Paris Agreement, according to government data released Monday.

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